Tesla Q2 2020 Deliveries Estimate
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Breaking even is looking super.
Tesla q2 2020 deliveries estimate. Teslas company compiled consensus estimate from june 24th sits slightly lower at 70328 deliveries. Levy indicated in a note to investors that the electric automaker could see a. As a result talk about tesla being included in the sp 500 has once again intensified because its looking likely that itll come one quarter sooner than many people including i.
Introduction although i overestimated q220 deliveries by 10k tesla nonetheless surprised wall street positively by reporting q220 deliveries of 90650 vehicles. Tesla q2 2020 vehicle production deliveries palo alto calif july 02 2020 globe newswire in the second quarter we produced over 82000 vehicles and delivered approximately 90650. As of june 30th the factset consensus estimate for teslas q2 deliveries is 72149 vehicles.
Tesla q2 2020 deliveries as usual teslas vehicle deliveries drive most of its earning results since vehicle sales represent the automakers main revenue stream at the moment. Tsla reports 2nd quarter deliveries of 9065k vehicles vs. In the final days of q2 20 elon musk urged tesla employees to make a final push for breaking even on the quarter.
This gives me my own estimate of 84053 vehicles produced and deliveries of 93568 vehicles far above the consensus on wall street of 60000 to 70000 deliveries. Production of 8227k vehicles was down 20 from q1. Deliveries in q2 19 totaled 95356 vehicles.
The company notes that the main factory in fremont. Industry analysts prepared for a lower delivery total of between 60000.
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